On the daily chart of GBP/USD, bears managed to break the support at 1.27 and move the pair out of the triangle.
EUR/USD: bulls tested daily resistance
Technical levels: support – 1.1120; resistance – 1.1230.
- Sell — 1.1230; SL — 1.1250; TP1 — 1.1120; TP2 – 1.1080.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but Tenkan-sen is horizontal; expecting a bouncing from the daily resistance near 1.2330/50.
On the daily chart of USD/CHF, there is a transformation of the “Shark” pattern into 5-0.
EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...